74:05:12:14.  Size and type of awards.  The board may award an amount different than that requested in the brownfields revolving loan subfund application.  The board may award grants, loans, or a combination of grants and loans.  Grant awards may not exceed 40 percent of the total award.  In determining the amount of financial assistance, the board shall consider the following:

          (1)  The availability of brownfields revolving loan subfund funds;

          (2)  The applicant's need;

          (3)  Public support for the project;

          (4)  Violation of health or environmental standards or a significant safety risk and how the project will minimize or correct the violations; and

          (5)  The applicant's ability to repay a loan.

          Source: 31 SDR 94, effective January 5, 2005.

          General Authority: SDCL 46A-1-102, 46A-1-103.

          Law Implemented: SDCL 46A-1-100 to 46A-1-106, inclusive.